The Federal Government has secured $200 million from the World Bank, which states can borrow on concessional terms to boost fish production and cut Nigeria’s $1 billion annual fish import bill. The Federal Government…
November 8, 2026PPunchBusiness and Economy, Nigeria, Notes
Nigeria imports about $1bn of fish a year to cover a 2.2 million-tonne gap, and a $200m World Bank-backed plan aims to close it. Nigeria is grappling with an annual fish supply deficit of…
November 8, 2026TCThe CableBusiness and Economy, Notes
Aliko Dangote said the Dangote refinery IPO fell short of its 10 million investor target because of limited time and access difficulties, but still drew “millions of investors,” with Reuters reporting orders of about…
November 7, 2026WPWashington PostBusiness and Economy, Notes, World
Farm and construction leaders are lashing out at Stephen Miller’s promotion to White House chief of staff, blaming his deportation push for labour shortages and Republican midterm losses. Industries that rely heavily on immigrant…
November 7, 2026NNairametricsBusiness and Economy, Notes
Nigeria holds 16% of Africa’s outstanding corporate debt, making it one of six countries that together account for 80% of the continent’s total, according to an OECD report cited by Nairametrics. Nigeria is one…
November 6, 2026DTDaily TrustBusiness and Economy, Notes
Nigeria’s external debt rose 6.6 per cent to $145.02bn at the end of 2025, the World Bank’s International Debt Report 2026 shows, up about $61.8bn in a decade. Debt-service ratios worsened despite improvements in…
November 6, 2026CCNNBusiness and Economy, Notes, World
A $2.5 trillion sell-off hit the Nasdaq on Thursday as investors dumped tech stocks over fears that Democrats’ midterm wins could lead to tighter regulation of the AI buildout. Borrowed money amplified the losses,…
November 6, 2026VVanguardBusiness and Economy, Notes
VIA VANGUARD: The US dollar is trading at about ₦1,400 on the parallel market on Friday, while the official Nigerian Foreign Exchange Market (NFEM) rate closed at ₦1,348.74 on Thursday, a slight depreciation from…
November 5, 2026VXVia XBusiness and Economy, Notes, Technology, World
Investors are questioning whether AI profits can justify the industry’s enormous spending, and fears of tougher data-centre rules after the midterms are adding to the selloff. VIA MARIO NAWFAL ON X: More than $3…
November 5, 2026RRifnoteBusiness and Economy, Nigeria, Notes
The NDC has criticised President Tinubu’s request for a $7.7bn external loan and urged Nigerians to use the 2027 election to demand fiscal responsibility. The Nigeria Democratic Congress (NDC) has criticised President Bola Tinubu’s…
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